Ask Question
11 November, 03:21

In 2008 Melvin thought that he was making a sound investment by buying $100,000 worth of Alpha Biotechnology stock. Unfortunately, his investment has depreciated, losing 13% of its current value each year.

+1
Answers (1)
  1. 11 November, 03:33
    0
    The current value of an invested of $100, 000 that has lost a value of 13% will be:

    current value in percent=100-13=87%

    The value of $100,000 investment will be:

    87/100*100000

    =$87,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In 2008 Melvin thought that he was making a sound investment by buying $100,000 worth of Alpha Biotechnology stock. Unfortunately, his ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers